Bitcoin drops below $82,000 after U.S. inflation hits 3.7%

Bitcoin is failing its most critical test as an inflation hedge. Despite the narrative that crypto protects against rising prices, Bitcoin plummeted below $82,000 the moment U.S. inflation hit a hotter-than-expected 3.7%. It’s not acting like "digital gold"; it’s behaving like a volatile tech stock that crumbles at the mere threat of higher interest rates. If crypto crashes when inflation actually arrives, is the hedge narrative officially dead? What’s your take?
This summary was generated by AI